Magellan Development Group’s 101-Story Residential Tower Signals Strength of Chicago’s Ultra-Luxury Market

CHICAGO – July 17, 2018 – Chicago’s soon-to-be third-tallest building and most exclusive address, Vista Tower, secured two high-priced penthouse condo sales this week; a 10,640-square-foot residence listed at $18.5 million and a 5,600-square-foot unit listed at over $8.3 million.

“With these two prominent sales, our Sky 360 Residences are now approximately 50 percent under contract, demonstrating that Vista Tower offers some of the most desirable penthouse homes in our city,” says Leila Zammatta, senior vice president of sales, Magellan Development Group. “We’re providing purchasers with more than a just place to call home, it’s a complete luxury lifestyle.”

The Sky 360 Residences boast unmatched levels of opulence with expansive, full-floor customizable plans featuring 360-degree panoramic views of the city and lakefront. The $18.5 million penthouse combines the entire 71^st and 72^nd floors into one two-story, 10,640-square-foot residence. In addition to its expansive floor-to-ceiling windows and soaring 11-foot ceilings, this remarkable home includes a private 8,000-square-foot outdoor terrace overlooking the entire lakefront. The second penthouse, priced at $8,355,920, is a 5,600-square-foot unit occupying Vista’s entire 74^th floor and includes a multitude of rich finishes and features found in all Sky 360 Residences including contemporary Snaidero cabinetry, Gaggenau and Thermador appliances, natural stone countertops and backsplashes, wide plank hardwood flooring, motorized window treatments and much more.

“While sales have been brisk, we still have a great variety of 1, 2, 3 and 4 -bedroom floorplans to choose from,” Zammatta noted, “including a two-story, 6,837 square foot penthouse located at the top of the building on Floors 92 and 93. Topping out at over 1,150 feet in height will make this spectacular unit the highest in the city.”

Since the project began in fall of 2016, Vista Tower continues to reach new heights in both sales and construction. Now at more than 43 percent sold, construction of Vista’s exterior has reached its 62^nd floor. Located on Upper Wacker Drive overlooking Lake Michigan and the Chicago River, Vista Tower will be the crown jewel of the Lakeshore East neighborhood. Designed by world-renowned architect Jeanne Gang of Studio Gang, the 101-story tower will become the third-tallest building in Chicago. Magellan Development Group developed the award-winning, master-planned community to serve as an oasis from the bustle of downtown Chicago and a tranquil escape within the nation’s third-largest city.

For more information on Vista Tower or to inquire about the property, contact senior vice president of sales, Magellan Development Group, Leila Zammatta at (312) 493-8200 or visit the Vista Sales Gallery at 345 E. Wacker Drive in Chicago by appointment. Learn more by visiting www.vistachicago.com.